Reverse splits at micro-cap companies are typically bearish signals of fundamental distress. Monitor TRNR for ongoing Nasdaq compliance risk, potential further dilution from outstanding warrants/equity awards, and upcoming quarterly filings for revenue trajectory.
Price Chart
Executive Summary
Interactive Strength filed a 1-for-7 reverse stock split effective June 29, 2026, reducing outstanding shares from ~3.6M to ~514K. The split is explicitly intended to regain compliance with Nasdaq's $1.00 minimum bid price rule for continued listing, reflecting the stock's deeply distressed sub-$1 trading level on a $1M market cap.
Key Facts
- Reverse stock split ratio of 1-for-7 effective June 29, 2026
- Outstanding shares reduced from 3,601,274 to approximately 514,400
- Split intended to regain compliance with Nasdaq $1.00 minimum bid price requirement
- Stock begins trading on split-adjusted basis on Nasdaq Capital Market on June 30, 2026
- Trading symbol TRNR unchanged; new CUSIP 45840Y609
- No fractional shares issued; cash paid in lieu
- Authorized shares and par value unchanged
- Company market cap approximately $1M
Financial Impact
Routine reverse split with no change in proportional ownership or capital structure — no new capital raised. The $1M market cap underscores existential financial distress.
Risk Factors
- Reverse split does not resolve underlying business deterioration — only treats a listing compliance symptom
- Post-split price may still fail to sustain $1.00 minimum bid if selling pressure continues after the split
- Warrants and equity awards adjusted proportionally could create future dilution overhang
- Micro-cap ($1M market cap) with flagging fundamentals carries high delisting risk if bid price compliance is not maintained
- Cash paid for fractional shares reduces total equity marginally
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-290535 |
| Document: trnr-ex99_1.htm | 0001193125-26-290535 |
| Document: trnr-ex3_1.htm | 0001193125-26-290535 |
| Document: 0001193125-26-290535-index-headers.html | 0001193125-26-290535 |
| Document: 0001193125-26-290535-index.html | 0001193125-26-290535 |
| Document: 0001193125-26-290535.txt | 0001193125-26-290535 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | 8-K | $2.12 $1.79 | ▲ +15.47% | ▲ +15.93% | $1.60 (+24.45%) |
Jul 9, 2026 15w ago | 8-K | $2.58 $3.01 | ▲ +16.67% | ▲ +17.23% | $1.60 (−37.98%) |
Jul 1, 2026 16w ago | 8-K | $4.20 $2.58 | ▲ +38.57% | ▲ +39.50% | $1.60 (+61.90%) |
Jun 30, 2026 17w ago | 8-K | $4.35 $3.52 | ▲ +19.08% | ▲ +19.34% | $1.60 (+63.22%) |
Apr 3, 2026 29w ago | 8-K | $1.38 $1.09 | ▲ +21.01% | ▲ +25.15% | $1.60 (−15.94%) |
Mar 5, 2026 33w ago | 8-K | $1.58 $1.50 | ▼ −5.06% | ▼ −3.53% | $1.60 (+1.27%) |
Feb 25, 2026 34w ago | 8-K | $1.95 $1.73 | ▲ +11.28% | ▲ +10.15% | $1.60 (+17.95%) |
US Market Status
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